Hoskinson promises an audit, he is “deeply wounded” by USD 600 million claims regarding the treasury of Cardano

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Update May 20, 2025, 6:25 UTC: This article has been updated to explain that the audit report is prepared by IOG, not the Cardano Foundation.

The entrance of Global (IOG) is preparing to publish an audit report on its tax resources after modern allegations appeared, in which it was stated that the misconception of ADA tokens worth about $ 600 million.

The founder of Cardano, Charles Hoskinson, is in the face of re -inspection from community members, including the non -financed token Masato Alexander, Who alleged This Hoskinson manipulated the book Cardano using the “Genesis key to rewrite it and take control” Cardano (ADA) worth $ 619 million during Demanding Fork in the network 2021.

Source: Masato Alexander

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Secondary, “move immediate prizes” transaction Of October 24, 2021, it shows the transfer of over 318 million ADA tokens, which enabled the flow of funds from reserve puals to stacking or tax assignments.

318 million transactions Ada Mir. Source: Cardanoscan

However, the redemption of Ada remained open for the next three years after the transaction, replied Hoskinson, addition That “the vast majority of these 350 million ADA was mentioned by the original buyers”, a process that lasted a total of seven years.

Cryptocurrencies, Facebook, investments, Bitcoin regulation, United States, cryptocurrency exchange, developers, Charles Hoskinson, Cardano, Tokenomics
Charles Hoskinson. Source: Cointelegraph

“Iog never gave himself 350 million unpaid ADA. This is a lie. The vast majority were reported and the others were lost after seven years of waiting, they were transferred to intersect,” wrote Hoskinson of May 6, XXX post.

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Hoskinson “deeply hurt” the reaction of the community

Hoskinson confirmed that there is a report on the audit related to a difficult fork, but he added that he was “deeply wounded” by the distrust of the community after the allegations.

“Do not receive benefits from doubt without strong opposite evidence means that I have no relationship with some people,” Hoskinson wrote In the post of May 18 x Adding:

“After the audit report appeared, I probably transfer my X account to the media team and change the format of my AMA and X spaces.”

Hoskinson, who was also one of the co -founders of Ethereum, is one of the leading characters in the development of blockchain.

Speaking in Paris Blockchain Week 2025, Hoskinson emphasized the need to cooperate with economics in the cryptocurrency industry to counteract the growing competition from time-honored technology companies entering into the blockchain space due to the growing regulatory transparency.

https://www.youtube.com/watch?v=hvoqj4xS88s

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